Aurea

Analysis

Aurea is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aurea reported income of $57k and spending of $54k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $57k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aurea sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within RI. Charities of a similar size with the same main cause include Milwaukee Chamber Orchestra Inc ($57k), Midland Community Concerts Association ($57k) and Hawaii Heritage Center ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $51k against liabilities of $11, net assets of $51k.